yad okaḥ sarva-bhÅ«tÄnÄá¹
mahÄ« magnÄ mahÄmbhasi
asyÄ uddharaṇe yatno
deva devyÄ vidhÄ«yatÄm
yat - because; okaḥ - the dwelling place; sarva - for all; bhÅ«tÄnÄm - living entities; mahÄ« - the earth; magnÄ - merged; mahÄ-ambhasi - in the great water; asyÄḥ - of this; uddharaṇe - in the lifting; yatnaḥ - attempt; deva - O master of the demigods; devyÄḥ - of this earth; vidhÄ«yatÄm - let it be done.
The great water mentioned in this connection is the Garbhodaka Ocean, which fills half of the universe.